Financial Services - Winterthur, Zurich, Switzerland
We see a paradigm shift for financial regulation with:- Timeliness, flexibility, transparency, comparability- Improved adaptability to new situations- Realistic systemic analysis- Enhances regulators' ability to mitigate adverse eventsThis will have an impact on the financial system and society:- Financial institutions: Lower operations costs, better understanding of risks, freeing up resources for strategic tasks- The financial system: More resilient, more efficient- The real economy will profit from a more stable financial system- "Society at large": Improve financial market transparency & level the playing field between buyers and sellers- Strengthening the role of Switzerland in FinTech- Provides the foundation of a future digital financial infrastructure
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